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Top Ten Most Popular Personal Finance Books of All Time

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note:  this list is not my own, they are according to Amazon’s best sellers of all time.  

Who here can disagree that personal finance is one of the most important skills you can possibly learn?  It’s sad that most people are naturally born with this trait and we know most schools don’t teach this subject.

Like everything in life, you can possibly beat the curve ball with someone to guide you and teach you about the value of holding onto your money, using it to make even more money.  Sometimes your parents are these people, sometimes it is a mentor you have to pay for, or sometimes it comes through in the form of literacy.

With the rise of e-publishing, any one can self publish a book now a days.  So try to stick with these best-selling books by true financial experts.

10.  Secrets of the Millionaire Mind:  Mastering the Inner Game of Wealth, by T. Harv Eker

This is a great book that allows the reader to explore their childhood experiences and figure out if these memories are sabotaging their chance of being wealthy.  It strives to get to the bottom of understanding everyone’s “money blueprint” that is embedded in their heads.

9.  How to Retire Happy, Wild, and Free, by Ernie J. Zelinski

This book offers great tips on how to retire early, how to do so without a million dollars in the bank, and how to keep yourself busy and happy each day.

8.  Think and Grow Rich, by Napoleon Hill

Simply one of the best personal finance books out there, and I would argue one of the best books ever written.  You can take these principles that are outlined in this book and apply them to so many other facets in your life.

7.  The Magic of Thinking Big, by David Schwartz

This book, really hits home as of late, especially where this blog is concerned.  Schwartz’s idea is that people succeed only if they are optimistic, believe in themselves, find something positive in even the worst failure, and assume they’re going to win.

6.  Smart Money, Smart Kids:  Raising the Next Generation to Win with Money, by Dave Ramsey and Rachel Cruze

The book I am currently re-reading.  Does me succeeding even matter, if my kids live the same kind of life I did?  This book is a reminder that nobody is born knowing how to use money properly.

5.  The Truth About Retirement Plans and IRAs, by Ric Edelman

I have to admit, I never read this book.  But if it is in Amazon’s Top Ten Best Selling Personal Finance Books… I am sure to look into it.  In the book Edelman works to make financing one’s retirement as uncomplicated as possible.

4.  Get Rich Carefully, by Jim Cramer

Another book I never read.  Supposedly his reputation for being loud and boisterous is an act, and that this book has a lot of wisdom in it.

3.  The Compound Effect, by Darren Hardy

This is one of the books that really left an impact on me after reading it.  The book’s thesis:  every little decision you make in life, even ones that don’t seem like anything, has a compound effect on every other part of your life.

2.  Rich Dad, Poor Dad, by Robert Kiyosaki

One of the funnest and easiest to read books that will escalate your financial knowledge tenfold.  He tells the story of two fathers:  his own (highly educated, never made a lot of money) and his friend’s (dropout that is now a millionaire).

1.  The Total Money Makeover, by Dave Ramsey

One simple rule Dave Ramsey lives by… don’t borrow money, pay with cash every time.

Did your favorite make the list?

Parents’ Attitudes About Finances & Kids

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T. Rowe Price Just Released its 6th annual “Parents, Kids & Money Survey.”  For the past three years I have read this survey and I like it because I believe that teaching my kids good money habits is a crucial and important parental responsibility.  And as I look at the results of the survey, I can usually get an understanding of how other parents are handling this situation.

Some of these results really caught my eye and made me ponder:

  1.  Just about half the parents that were surveyed use money to encourage good behavior from their kids.  This is something I am very against, I don’t plan to give our kids money for good grades and I surely won’t use money to try to buy off bad behavior.  These are qualities that are expected in my household.  Same goes for chores.  Now  I totally believe that I should give my children money and teach them the responsibilities that come with said money.  I just haven’t decided on how to go about doing this just yet.  My sister is actually fighting with her son right now, because my parents gave him $50 for straight A’s on his report card.  He expects his mother to pay him $75 for doing so.  My nephew is 10 years old!
  2. Thirty percent of parents raid their kids’ piggy banks.  Wow!  This is simply astounding to me, but maybe I am just reading into all wrong.  Maybe it is more innocent than it sounds – the pizza guy is knocking on the door and you realize you have no cash for a tip.
  3. Sixty One percent of children shop online – including 54 percent via mobile apps.  The immediacy of online shopping is making the world into something totally different.  We already know that our grandparent’s time was for saving, and now this society is all about spending.  But this is turning into a whole new ballgame with mobile apps that tend to prompt spontaneous spending.  Kids definitely think of currency differently than we did growing up due to so many transactions being digital now a days.
  4. 74% of parents admit to being reluctant to talk with their kids about financial topics.  The primary reason was that their didn’t want to have their kids worrying about finances.
  5. More than half of kids expect their parents to pay for most or all of college.
  6. Parents are open to finances being taught in schools:  87% of parents agree that it would be appropriate for kids to learn about financial matters in school.  The fact that it is not, leads me to believe many things.

Now there were much more discussed in the press release.  I suggest reading it and telling me what you all think was important findings in this survey!